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1 A EVOLUTION OF FEMA, DIFFERENCE BW FERA & FEMA, FEATURES OF FEMA, OBJECTIVES
In which year was FEMA enacted to replace FERA?
FEMA (Foreign Exchange Management Act) was enacted in 1999 and came into force on June 1, 2000, replacing FERA 1973.
What year did FERA come into force in India?
FERA came into force in 1974.
What does FEMA stand for?
FEMA stands for Foreign Exchange Management Act, which is the primary legislation governing foreign exchange transactions in India.
Which ministry administers FEMA in India?
Ministry of Finance administers FEMA in India.
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